API Awarded $22 M Contract from US ArmyRonkonkoma, N.Y. - API Technologies Corp. (OTC Bulletin Board: ATNY), a provider of highly engineered products and services to the global defense sector, has been awarded a long term contract from the U.S. Army to develop and supply the Night Vision Electronic Systems Test Set. The five-year indefinite delivery, indefinite quantity (IDIQ) contract has a ceiling value of $22 million and an additional one-year option.
Steve Pudles, CEO of API Defense USA, said, "API has earned a reputation for engineering excellence in system design, development and production. These core competencies were critical in our Company winning this competitive award. We look forward to working with the Army to deliver the Night Vision Electronic Systems Test Set product and to continuing our focus on being a key supplier to both government and global defense companies."
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Source : API Technologies Corp.